Appreciate the reply. I am of the view that the stock market has put in a short term bottom now and the SPY will make a new ATH in Sept - Oct. The next correction could be a big one in stocks. Gold I believe is in a new bull market, I dont think we need confirmation of 25.42 because it has now made a higher high over the last cycle top, also higher lows. Trend is now bullish. I think the correct play is to buy mining stocks on dips, if it dips lower just buy more!
RE: HUI August 29, 2017 For Gold Mining Stocks - This Was A Test -Only A Test
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HUI August 29, 2017 For Gold Mining Stocks - This Was A Test -Only A Test
What I would really like to see, to confirm a new gold "bull" market, is for the HUI to skip several of the target numbers ie 206.37, 212.24 and/or 215.76 and start hitting the numbers at or above 222.03. It would be great if that happened between now and September 6th. The reason would be that if there is a "dip" after that, the "buy" opportunities would be at these levels.
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